Market Whales and Their Recent Bets on JPM Options
Portfolio Pulse from Benzinga Insights
Wealthy investors have taken a bullish stance on JPMorgan Chase (NYSE:JPM) through significant options trades. Benzinga's options scanner detected 14 uncommon trades, with a split sentiment of 50% bullish and 50% bearish. The major market movers are focusing on a price band between $195.0 and $240.0 for JPMorgan Chase. The stock is currently trading at $215.37, with an average analyst price target of $217.0.
July 31, 2024 | 2:31 pm
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Wealthy investors have taken a significant interest in JPMorgan Chase options, with a split sentiment of 50% bullish and 50% bearish. The stock is currently trading at $215.37, with an average analyst price target of $217.0.
The detection of 14 uncommon options trades for JPMorgan Chase indicates significant interest from wealthy investors. The split sentiment suggests mixed expectations, but the overall focus on a price band between $195.0 and $240.0 indicates potential upward movement. The current stock price is close to the average analyst target, suggesting limited immediate downside risk.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100